IPO Synopsis

Deep Energy Resources Ltd
Registered Office: 12A & 14 Abhishree Corp Park,Ambli Bopal Road Ambli,Ahmedabad-380058, Gujarat
Tel. No: 91-02717-298510
Fax No: 91-02717-298520
Email: cs@deepindustries.com; info@deepindustries.com
Website: www.deepindustries.com
Public issue of 1,13,00,000 Equity Shares of Face value Rs.10/-each of Deep Industries Ltd (Hereinafter referred to as the "Company" or "issuer") at a Price of Rs.36 for cash aggregating to Rs.40.68 Crores (hereinafter referred to as the "issue') including 11,30,000 equity shares of face value Rs.10/- each reserved for Employees and Directors; 28,25,000 Equity shares of face value of Rs.10/- each reserved for NRIs and FIIs and 11,30,000 Equity Shares of face value Rs. 10 each reserved for Scheduled Banks/Indian Mutual Funds/Indian and Multilateral Development Financial Institution and net issue to public of 62,15,000 Equity Shares of face value of Rs.10/- each (hereinafter referred to as the net offcer to public). The issue would constitute 56.50 of the post issue paid up capital of the Company. Issue price is 3.6 times of the face value.
Issue Money Payable On
Opens On Closes On Application Allotment
29-Aug-2006 04-Sep-2006 ₹36.00 - 0.00 ₹0.00 - 0.00
Minimum Application for shares in Nos : 175 Further Multiples of :175
(₹ Cr) Lead Managers to the Issue
Project Cost 60.28 IDBI Capital Market Services Ltd
Project Financed through Current Offer 40.68 Keynote Corporate Services Ltd
Post Issue Equity Share Capital 20.00 Nexgen Capitals Ltd
Issue Price 36.00
Projects
Procurement of Plant & Machinery for business Expn
To Meet Additional Working Capital requirement
General Corporate Purposes
Promoted By
Paras S Savla
Rupesh K Savla
Kanvel Finance Pvt Ltd
Listing At
BSE
Registrar To The Issue